New York policy
S8939: Relates to the interest rate cap on cash advances against wages or salary
NY Senate · Sponsor Samra Brouk
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- January 16, 2026
What it requires
Clarifies that all wage and cash advances against salary or future pay are loans subject to the interest rate cap in the general obligations law.
ny-statesenatelegislationbill
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